Friday, August 28, 2009

 

Japan Still Mired In Severe Deflation

Japan just can't shake deflation. Consumer prices fell a record 2.2% in July. Even if you strip out food & energy prices, which ran up last year, Japanese prices still fell 0.9%.

It increasingly appears the country is fighting a losing battle here...

BI: Japan Still Mired In Severe Deflation

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